Lundin Makes Minor Gas Find in North Sea

Swedish oil and gas firm Lundin Petroleum has made a minor gas discovery northeast of the Johan Sverdrup field in the North Sea, the Norwegian Petroleum Directorate reported Thursday.

Lundin, operator of production license 674BS, is currently in the process of completing the drilling of its wildcat well (designated 26/10-1), the NPD said.

Drilled some 20 miles northeast of Johan Sverdrup in the central North Sea, the purpose of the well was to prove petroleum in reservoir rocks in the Miocene layer (the Utsira formation). The well found a 79-foot gas column in the Utsira formation with what the NPD described as "excellent" reservoir quality.

The well was not formation tested, but data acquisition and sampling have been carried out. Preliminary calculations as to the size of the discovery indicate between 53 billion cubic feet and 142 bcf of gas.

The well is the first exploration well on PL674BS and it was drilled by the Island Innovator (mid-water semisub) rig, which is now on its way to drill another wildcat well on PL338C.



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